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Banana Republic on Chicago's Mag Mile plans to close
Another major retailer is saying goodbye to Chicago's Magnificent Mile.
CHICAGO - Another major retailer is saying goodbye to Chicago's Magnificent Mile.
Banana Republic plans to close its Michigan Avenue store.
The lease expires sometime next year.
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Gap and Macy’s are some of the other big-name stores that have closed their doors on the Mag Mile.
Crain's Chicago Business reports the vacancy rate along the Mag Mile jumped to 29-percent this summer.